Bitcoin: Clears Previous Monthly High
Bitcoin reclaims prior monthly high at $77,499.57, eyeing overhead FVGs for BTC price prediction amid bullish expansion path.
SourceBitcoin has decisively cleared its previous monthly high, as highlighted by trader @Washigorira and echoed by @TATrader_Alan, setting the stage for potential expansion toward overhead Fair Value Gaps (FVGs). This reclaim follows historical patterns of BTC monthly highs driving price momentum, reminiscent of last year's BIP84-derived hierarchical schemes that bolstered derivation paths in volatile phases. With the first target already tagged, acceptance above this level could accelerate BTC price prediction models targeting further upside in the crypto market trends.
Zooming into the 4h chart, BTC trades at $77,499.57, maintaining a bullish structure with price comfortably above the EMA50 at $76,303.64 acting as immediate support and the EMA200 at $72,970.86 providing a deeper floor. MACD flashes a bearish death cross at 508.45, hinting at short-term exhaustion, while RSI holds neutral at 52.51, leaving room for continuation if volatility pushes toward the upper Bollinger Band resistance at $79,688.59—confluence here suggests a probe higher before any retrace to the lower band support at $75,375.12, aligning with Bitcoin expansion path dynamics amid the current BTC hype.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.